Tax & Accounting Blog
Tax & Accounting Blog
The FASB issues an Accounting Standards Update (ASU) that offers limited effective date delays on revenue recognition and leases standards. It grants a one-year effective…
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IASB Proposes Deferring IAS 1 Amendments’ Effective Date due to COVID-19. The IASB is proposing to defer by one year the effective date of Classification of…
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The FASB has issued Staff Q&A (question-and-answer document) that responds to frequently asked questions about the disruptive effects of COVID-19 on cash flow hedge accounting.…
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The FASB issues a proposed Accounting Standards Update (ASU) that grants a one-year effective date delay for certain stakeholders applying the leases and revenue recognition…
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The FASB issues Staff Q&A document addressing stakeholder questions on the application of the lease accounting guidance for lease concessions. The Staff Q&A is related to the…
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The FASB held a public meeting to approve measures intended to provide stakeholders with accounting relief and clarity during the COVID-19 crisis. When the FASB held a…
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The IASB has completed its discussions on the amendments to IFRS 17 Insurance Contracts that were proposed for public consultation in June 2019 including its…
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The FASB issues guidance in transition away from interbank offered rates. The Accounting Standards Update (ASU) provides temporary optional guidance to ease the potential burden…
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The FASB issues an Accounting Standards Update (ASU) that makes narrow-scope improvements to financial instruments guidance. This includes the current expected credit losses (CECL) standard…
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The FASB has issued Accounting Standards Update (ASU) No. 2020-02, Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to…
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